MARIE
New Investor
OCCUPATION
Professional photographer
OBJECTIVE
Be as smart as I can with my money
CONCERNS
What if I lose big revenue producing client ?
RISK APPETITE
Aggressive, if I know what I’m investing in
INVESTING EXPERIENCE
Limited
THEIR STORY
After several years in the business, Marie decided to strike out on her own. She formed a partnership with three others and after plenty of knocking on doors, business started flowing. She quickly found herself with lots of cash and a very high tax bracket.
She knew she wanted to invest her money but wasn't sure where to start or who to trust. During the discovery phase we talked about (1) Marie's financial goals like being as smart as possible with her money, maximizing her after tax, after fee returns and (2) we talked about her concerns like what would happen if she lost one of her big revenue driving clients.
WEALTH PLAN
01. PLAN
We set up a plan to pay off Marie's student loans and lingering credit card debt.
02. SECURITY PLAN
We defined the monetary impact of losing any of her current clients and came up with a security plan for that.
3. RETIREMENT PLAN
We set up a retirement plan for her firm and immediately saw a tax benefit on Marie's taxes.
04. PORTFOLIO
We built a tailored investment portfolio considering Marie's near term, medium term and long term financial goals and continue to talk about her investments and why she holds each of them.